Qualcomm misses Q4 pay packet, revenue targets with weak outlook
Qualcomm misses Q4 pay packet, revenue targets with weak outlook
Tech pay packet get been missing targets missing and totally this quarter, and Qualcomm didn't help curtail with the aim of trend with its fiscal fourth quarter statement on Wednesday.
The macro semiconductor sphere reported a web earnings of $1.89 billion, or else $1.11 apiece share (statement).
Non-GAAP pay packet were $1.26 apiece share on a revenue of $6.69 billion, up three percent annually and down two percent sequentially.
But barrage Street wanted pay packet of by smallest amount $1.32 apiece share along with revenue of $7.03 billion.
To the same degree a consequence, Qualcomm shares began to plunge by four percent in the sphere of after-hours trading.
Meant for fiscal 2014 overall, Qualcomm reported revenue of $26.49 billion, up seven percent year-over-year, with pay packet of $5.27, up 17 percent year-over-year.
Glossing in excess of the worse-than-expected results, Qualcomm first in command Steve Mollenkopf reflected on the conclusion of the fiscal time in the sphere of prepared remarks:
We are delighted to statement an alternative time of pick up fiscal performance to the same degree our 3G/4G LTE multimode and other vanguard technologies persist to enable the growth of wireless data around the humankind, driven by our broad chipset roadmap. We are forecasting continued growth of macro 3G/4G device shipments in the sphere of calendar time 2015, particularly in the sphere of emerging regions. Our fiscal 2015 outlook reflects continued LTE leadership in the sphere of our semiconductor sphere and is tempered by the issues we are facing in the sphere of tableware linked to our licensing sphere. Through this period, we stay behind all ears on building our machinery leadership in the sphere of smartphones, while pursuing opportunities to pull out our solutions into adjacent areas.
Qualcomm elaborated in relation to the tableware job farther down in the sphere of the statement, honing in the sphere of on concerns surrounding the rollout of 3G/4G LTE multimode and an investigation by the tableware resident Development and Reform Commission (NDRC) into Qualcomm's sphere practices.
We additionally believe with the aim of particular licensees in the sphere of tableware now are not fully complying with their contractual obligations to statement their sales of accredited products to us (which includes particular licensees underreporting a portion of their 3G/4G device sales and a dispute with a licensee) and with the aim of unlicensed companies can seek to delay execution of fresh licenses while the NDRC investigation is ongoing.
The San Diego-headquartered corporation shipped 236 million MSM crumb units in the quarter, up 24 percent year-over-year and five 5 percent sequentially.
Whole device sales in the sphere of Q4 rang up to approximately $57.4 billion, a five percent dip year-over-year and lone percent sequentially. The common promotion cost meant for 3G/4G policy fell around $220 to $226 apiece division.
Meant for the current quarter, barrage Street is expecting Qualcomm to provide pay packet of $1.43 apiece share and revenue of $7.39 billion.
However, Qualcomm provided a much softer forecast meant for the originator fiscal quarter, projecting $6.62 billion in the sphere of revenue with pay packet of $1.26 apiece share a long time ago again.
Meant for fiscal 2015, Qualcomm is aiming meant for a to some extent advanced revenue range of $26.8 billion to $28.8 billion with pay packet concerning $5.05 and $5.35, a cut out concerning four and two percent correspondingly.
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